New on Xetra: Equity ETF from Franklin Templeton offers access to companies from Saudi Arabia
New on Xetra: Equity ETF from Franklin Templeton offers access to companies from Saudi Arabia
Since Tuesday, a new exchange-traded fund issued by Franklin Templeton has been tradable via Xetra and the Frankfurt Stock Exchange.
The Franklin FTSE Saudi Arabia UCITS ETF tracks the performance of the FTSE Saudi Arabia 30/18 Capped Index and provides investors with access to the stock market in Saudi Arabia. The index currently comprises 64 large and medium-sized companies from various industries, weighted by market capitalisation. The largest company has a maximum weight of 30 per cent. All other companies must not exceed the threshold of 18 per cent in order to limit excessive concentration on a single stock.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Franklin FTSE Saudi Arabia UCITS ETF | Equity ETF | 0.39 per cent | accumulating | FTSE Saudi Arabia 30/18 Capped Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,274 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.